UiPath rallies after Q3 marks its first GAAP-profitable quarter
UiPath surged 10% pre-market after reporting its first GAAP-profitable quarter. Q3 revenue rose 16% to $411 million, ARR reached $1.78 billion, and customers generating over $100,000 in ARR grew to 2,506. CFO Ashim Gupta said the results mark major milestones in profitability and customer expansion, setting UiPath up for a profitable year.